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You invest money in a fund that paid 9 % simple interest paid annually. If it is worth $ 2 1 , 2 0 0

You invest money in a fund that paid 9% simple interest paid annually. If it is worth $21,200.00 in 11 months,
a) what is the present value? $
b) What is the rate of return? (answer as a percent 2 decimal places)

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